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HB0585

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Property Tax - Low-Income Housing Tax Credit - Valuation of Property
Sponsored by
Delegate Palakovich Carr
Status
In the House - First Reading Ways and Means
Analysis
Synopsis
Requiring the supervisor of assessments for a county to evaluate a certain net operating income calculation when determining the value of commercial real property that is developed under low-income housing provisions of federal law; and applying the Act to all taxable years beginning after June 30, 2025.
Committees
Original:
Ways and Means
Details
Bill File Type: Regular
Effective Date(s): June 1, 2025
History
Legislation History
Chamber
House
Calendar Date
1/23/2025
Legislative Date
1/23/2025
Action
First Reading Ways and Means
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Property Tax - Low-Income Housing Tax Credit - Valuation of Property
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
House 1/23/2025 1/23/2025 First Reading Ways and Means
Text - First - Property Tax - Low-Income Housing Tax Credit - Valuation of Property
File Code
Subjects
Statutes
Last Updated: 1/23/2025 2:56 PM
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